Klöckner & Co SE

WKN: KC0100
ISIN: DE000KC01000
Land: Deutschland

Nachricht vom 15.12.2020 | 13:18

Klöckner & Co SE: Operating income in fiscal year 2020 considerably above expectations

Klöckner & Co SE / Key word(s): Forecast/Annual Results
Klöckner & Co SE: Operating income in fiscal year 2020 considerably above expectations

15-Dec-2020 / 13:18 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

In the course of the fourth quarter, the recovery in steel demand continued more strongly than previously expected. At the same time, the improved price level has already had a positive impact on the operating income (EBITDA) before material special effects of Klöckner & Co SE. Klöckner & Co was able to benefit disproportionately from these positive market developments due to the advanced transformation project Surtsey. Therefore, Klöckner & Co SE expects now an EBITDA before material special effects of €105-115 million for the full year 2020, contrary to previous expectations of €75-95 million, and still a significantly positive cash flow from operating activities.

In addition, the market recovery is expected to continue at the beginning of the new year and, in conjunction with the now rapidly increasing digitalization and restructuring effects from the project Surtsey, will lead to a considerably improved operating income before special material effects in the first quarter of 2021 compared to the same quarter of the previous year.

Information and Explanation of the Issuer to this News:

For the definitions of EBITDA and EBITDA before material special effects reference is made to our homepage (accessible via https://www.kloeckner.com/en/glossary.html) and/or the annual report 2019, page 273 (accessible via https://www.kloeckner.com/en/investors/publications.html).

15-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:	English
Company:	Klöckner & Co SE
	Am Silberpalais 1
	47057 Duisburg
	Germany
Phone:	+49 (0)203 / 307-0
Fax:	+49 (0)203 / 307-5000
E-mail:	info@kloeckner.com
Internet:	www.kloeckner.com
ISIN:	DE000KC01000
WKN:	KC0100
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1155309


End of Announcement	DGAP News Service

Kurschart

Kursdetails anzeigen

Interaktiv

DGAP-Watchlist

zur Registrierung

Übersicht Indizes

weitere Indizes

Weitere News

weitere News anzeigen

GBC-Fokusbox

International School Augsburg (ISA): Investment in den Rohstoff Bildung

Die in Gersthofen bei Augsburg ansässige International School Augsburg (ISA) plant als erste internationale Schule in Deutschland den Gang an die Börse und macht damit erstmals das Thema „Bildung“ unter ESG-Kriterien investierbar. Die ISA, an der derzeit rund 330 Schüler eingeschrieben sind, ist als internationale Schule Teil eines globalen Schulnetzwerkes, welches das in Deutschland anerkannte IB-Diploma als Hochschulzugangsberechtigung anbietet. Im Rahmen des geplanten Campus-Neubaus sollen die Kapazitäten erweitert und damit die hohe Nachfrage nach privaten Bildungsleistungen in Deutschland und in der Region erfüllt werden. GBC-Analyst Cosmin Filker hat mit dem ISA-Vorstand Marcus Wagner gesprochen.

Zum Interview